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74 Countries Take Action to Contain Energy Shock After Strait of Hormuz Closure (legrandcontinent.eu)

· 83d ago · Report · Spotlight this ·
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  • 19 of the 74 affected nations are in Asia.
  • Japan (65%) and South Korea (63%) have the highest dependency on the Strait of Hormuz.
  • Only a few EU countries like Denmark, Finland, and Switzerland have not taken measures.

"Since the closure of the Strait of Hormuz, 74 countries have implemented measures to mitigate the energy shock. Asia is the most affected region: Japan and South Korea imported two-thirds of their oil through this chokepoint, while China, India, and Taiwan relied on it for about 40%. Most European nations condemned Iran's response and supported US operations, while Asian countries remained more distant. Egypt imposed early store closures, Ethiopia urged fuel moderation, and Madagascar declared a two-week energy emergency."

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